MUMBAI Dec 17 Shares in India's Fortis
Healthcare rose as much as 7.5 percent on Monday on
the company's plans to sell its 64 percent stake in a dental
clinics business in Australia for A$270 million ($285 million).
The stake sale to British medical services group Bupa
will help Fortis focus on high-end healthcare
operations in Asia, it said in a statement late on Sunday.
The entire proceeds will be used to reduce the group's debt,
Fortis group Chief Executive Vishal Bali told news channel CNBC
TV18. The deal is expected to be completed in March 2013, Fortis
(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)